According to Forbes' real-time billionaires ranking, as of midday on 23/4, the assets of Pham Nhat Vuong, chairman of Vingroup, stood at 34,9 billion USD, an increase of 2,9 billion USD from the previous session. This amount of wealth is higher than many other prominent billionaires, such as PayPal co-founder Peter Thiel, Alibaba billionaire Jack Ma, and Mackenzie Scott, the ex-wife of Amazon founder Jeff Bezos.
Vuong is currently the 65th richest person in the world. Earlier this month, with 24,5 billion USD, Pham Nhat Vuong's assets also surpassed Prajogo Pangestu (Indonesia) to make him the wealthiest person in Southeast Asia.
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Pham Nhat Vuong, chairman of Vingroup, addressing shareholders at the general meeting of shareholders, 22/4. Photo: VIC
Forbes calculates individual wealth based on the quantity and value of shares held at a given time. They also evaluate other assets of billionaires when ranking, including ownership in private companies, real estate, artworks, and yachts.
The Vingroup chairman was included in Forbes (US) magazine's billionaire list in 2013. At that time, he owned 1,5 billion USD and was ranked 974th globally. Thus, after 13 years, the billionaire's assets have increased more than 20 times.
As of early april, the businessman and his family hold a controlling interest in Vingroup, with a total ownership of about 65%. He directly owns 389,9 million VIC shares, equivalent to 10,05% of the capital. The conglomerate operates in various sectors, from real estate, retail, and healthcare to electric vehicles. It is currently expanding into new areas such as steel production, electricity, railways, and seaports.
Sharing at the general meeting of shareholders on 22/4, Vuong stated that VinFast, Vingroup's electric vehicle company, will research and produce new car models that can travel longer distances if customers happen to "forget to charge". However, the company "will never produce gasoline cars again".
Expressing his views on this year's double-digit economic growth target, he believes it is entirely achievable with the consensus and cooperation of the State, businesses, and people. "Only when everyone is determined and acts together can the goal be achieved. If everyone with money prefers to buy gold and hide it under the bed, society will lack development capital," he said.
This year, Pham Nhat Vuong's conglomerate plans to achieve 485 trillion VND in revenue, an increase of nearly 46% compared to last year. After-tax profit is projected to reach 35 trillion VND, nearly 3 times the 2025 performance.
Ha Thu (according to Forbes)
